The President signed HR 5872 today, known as the Sequestration Transparency Act of 2012. This law, which sailed through Congress with almost no objection, requires the President to submit a report to Congress within 30 days, so by September 6, 2012, a "detailed report on the sequestration required to be ordered... for fiscal year 2013 on January 2, 2013." The report needs to contain estimates of how many cuts will be required for which specific federal agencies, including all discretionary and defense cuts.
President Obama signed the Sequestration Transparency Act (H.R. 5872), a bill that compels his administration to submit to Congress a detailed report on sequestration within the next 30 days. Pratt & Whitney Canada may have settled ... Read Post
After lamenting in a press conference Friday that he could not do more to avert the forced spending cuts known as sequestration, President Barack Obama will sign a sequestration order sometime later in the day. Obama and both partie... Read Post
Congress passed The Sequestration Transparency Act in July, and President Barack Obama signed it into law on Tuesday. According to The Hill, the law requires the White House budget office to reveal how the automatic budget cuts requ... Read Post